Pinnacle APEX Webinar - 2025 Update on Fairness in Insurance: Exploring Potential Unintended Impacts of Bias Mitigation Efforts

For this Pinnacle APEX webinar, Pinnacle Senior Consulting Actuaries Gary Wang and Michael Chen provided 2025 updates on the current state of discussions on the issue of fairness in insurance. Gary and Michael explored balancing accurate risk differentiation with equitable treatment when rating variables are restricted or banned by regulation. Using a collection of foundational synthetic examples, they presented an analysis of various scenarios under imposed regulatory actions.